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The coronavirus pandemic forced Ford, GM and Fiat Chrysler to close factories and halt production. They’re expected to report large losses.
Pickup truck sales are holding up better than some other vehicles, spurred by incentives like zero-percent financing deals.
It’s the automaker’s third profitable quarter in a row.
Offers include seven-year interest-free loans and no payments for six months.
It’s part of a larger strategy to exit unprofitable markets.
It’s called pattern bargaining.
After contract negotiations between the United Auto Workers Union and General Motors break down, strike action planned for midnight on Sunday.
The Big Three have a profitable decade behind them. But from changing consumer tastes to the advent of the autonomous car, threats loom on the horizon.
A team-up between the two companies could lead to a huge boost in production, but a decrease in demand for new cars is expected.
American manufacturers are eager to win Chinese customers.
